Indian And Bangladeshi Companies

Apr 17, 2017
Source
Power Weekly Newsletter

Indian and Bangladeshi companies have signed agreements worth $9 billion to strengthen

Indian and Bangladeshi companies have signed agreements worth $9 billion to strengthen partnership in the energy sector . The deals include a facility agreement between Bangladesh-India Friendship Power Company [promoted by Bangladesh Power Development Board (BPDB) and NTPC Limited] and Exim Bank of India for providing debt financing for construction of the 1,320 MW Maitree Power Project in Rampal, Bangladesh at a cost of $1.6 billion. A $3.15 billion agreement was signed between NTPC Vidyut Vyapar Nigam Limited and BPDB for supply of power. Further, Reliance Power Limited signed a $1billion deal with Bangladesh's Ministry of Power, Energy and Mineral Resources for the first phase (750 MW) of the 3,000 MW power project at Meghnaghat in Bangladesh. In addition, Adani Power Limited signed an agreement to supply 1,600 MW of power from its thermal power plant (TPP) in Jharkhand to Bangladesh at a cost of $2 billion.